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Many experts believe that the decision will allow U.S. subsidiaries of foreign corporations to spend unlimited amounts of money to influence federal elections. Some even believe that the decision could allow corporations controlled by foreign governments to have a say in American elections.
"The sweeping freedom of speech rhetoric would have applicability to foreigners," Edward Foley, an election-law expert at The Ohio State University, told the Web site Talking Points Memo.
“The court has, in effect, legalized foreign governments and foreign corporations to participate in our electoral politics,” Pat Choate, an author and former Reform Party candidate for vice president, told Politico. “It’ll happen instantaneously. It’ll happen in the 2010 elections. … The Japanese corporations, the European corporations will do it instantly through American subsidiaries.”
For instance, the ruling opens the door for Toyota to spend billions to defeat a U.S. Senator that supports imposing tariffs on imports of Japanese automobiles. The Chinese government itself could use one of its many state-owned corporations to similarly influence elections.
Originally posted by Sestias
reply to post by Ferris.Bueller.II
ACORN is TINY compared to even one of our own corporations. It's a very small group, only a couple of thousand I think. Labor unions are also small potatoes compared to even a mid-sized American corporation.
What people are especially worried about is the really, really big money coming from the multinationals.